Illinois Municipal Retirement Fund Makes New Investment in Wintrust Financial Corporation $WTFC

Illinois Municipal Retirement Fund acquired a new position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the 1st quarter, HoldingsChannel reports. The fund acquired 6,534 shares of the bank’s stock, valued at approximately $908,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV lifted its position in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of Wintrust Financial in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on WTFC. Barclays increased their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. UBS Group restated a “neutral” rating and issued a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th. Truist Financial lifted their target price on Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Capital One Financial set a $170.00 target price on Wintrust Financial in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Trading Down 0.5%

Shares of WTFC stock opened at $157.77 on Friday. The business’s 50 day moving average is $156.16 and its two-hundred day moving average is $149.43. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a market capitalization of $10.64 billion, a P/E ratio of 12.67 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Wintrust Financial Corporation will post 13.03 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th. Wintrust Financial’s payout ratio is currently 17.67%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.